CBN gov, others to determine Africa’s $1.5tr fortunes

Dr Olayemi Michael Cardoso

Amid sluggish growth, rising debt prices and global banking turbulence, over 1,000 African finance leaders are to meet in Lome, Togo for an inclusive, competitive and robust Pan- African financial services industry.

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso and others are among speakers to deliver presentations at this year’s Africa Financial Industry Summit(AFIS).

Essentially, the forum provides a platform for Nigeria’s financial industry leaders to develop concrete solutions to challenges facing the sector and collaborate with other continental experts.

AFIS 2023’s agenda encompasses touching topics, including attracting African institutional investments to local capital markets, ensuring free movement of capital and regulatory
harmonisation, nurturing talent essential for digital transformation and unlocking innovation in areas
like climate finance and tokenisation.

This year’s event holding next month with the theme: “Building a World-Class African Financial Industry: A $1.5 Trillion Opportunity,” would bring together major players from both public and private sectors to explore transformation of the African financial industry in the face of technological advancements and the African Continental Free Trade Area (AfCFTA).

The AFIS has been instrumental in fostering change in African finance by facilitating discussions on pivotal themes within the sector. Over 20 Ministers of Economy and Finance, Central Bank Governors, Deputy Governors, and regulatory authorities are to be in attendance.

Other speakers include Mamo Esmelealem Mihretu (National Bank of Ethiopia); Manuel António Tiago Dias (National Bank of Angola); Dr. Ernest Addison (Central Bank of Ghana); Jean-Claude Kassi Brou (BCEAO); Ministers Romuald Wadagni of Benin and Sani Yaya of Togo.

The summit will also host leaders from major financial institutions, with luminaries such as Ugas Sheikh-Mohamed from the Capital Markets Authority in Kenya; Delphine Traoré, representing Sanlam Allianz; Patty Karuaihe-Martin from NamibRe, Jeremy Awori of Ecobank; Jules Ngankam from the African Guarantee Fund; Felix Edoh Kossi Aménounvé of BRVM; Serigne Dioum of MTN; Sérgio Pimenta, Vice President for Africa at IFC; Oliver Awuba from UBA and other industry players from across Africa and around the world.

Chairman, Africa Financial lndustry Summit, Amir Ben Yahmed, harped on the crucial role of Nigeria’s financial industry in shaping a top-tier African financial sector.

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